Take a look back at Figure 5.4 . Notice the wide range of coupon rates. Why are

Question:

Take a look back at Figure 5.4 . Notice the wide range of coupon rates. Why are they so different?

Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a...